shannie -> RE: IRS agents hunting offshore tax cheats (4/30/2009 1:17:09 PM)
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ORIGINAL: DomKen On page 167 of the PDF you will find a speech by a democratic congressman which includes this : "To my mind the income tax is the most equitable of all systems of taxation. It is the ideal way to support the Government. Let those who prosper little pay little, for they are least indebted to the Government; let those who prosper more pay more; let those who prosper most pay most; let those who prosper greatly pay greatly, for certainly they have been most blessed and are therefore most indebted to the Government." If income doesn't equal wages why would those who prosper little pay little? Surely if it wasn't on wages they would pay not at all? A lot of the debate centers around the complaint that the common man was required to pay tariffs (i.e. taxes) on goods, and corporations were profiting greatly from these tariffs and yet not not being taxed in proportion. So, through the 16th Amendment, they sought to shift the greater part of the tax burden to corporations and the very-wealthy. On the other hand -- if the common man was subjected to taxes on goods AND taxes on his earned income, he'd get the double whammy (as he does). But (again, arguably) that wasn't the intent of the amendment. In other words, tariffs on goods already taxed the earned income, now it was time to tax the unearned income. One speaker, arguing for the income tax, says: “An income tax seeks to reach the unearned wealth of the country and to make it pay its share.” (page 178 of the PDF).
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